Crikey, hadn't thought of that one. Wouldn't be the first time that C19 has allegedly been found on food products imported into China...
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Ouch, seems like I really managed to buy at the top earlier this year, time to sell them as soon as the trading halt is lifted and take the hit as it's clear the problem is much more deeply rooted than just covid.
Good luck to the ATM holders out there.
[QUOTE=alokdhir;862935]The Sep announcement wasn’t really a downgrade ....it just quantified a rather vague outlook given in the full year results announcement ...like strong growth to $1.8b ...confirmed at ASM ..easy done
Things haven’t gone to plan ....things they hoped would not happen have .....so back to drawing board to come up with a realistic number they can achieve.
On the other hand, you might bail out on the bad news at the bottom, only for it to bounce back up a couple of bucks just after your trade goes through! Maybe it's better to sit tight, ride out the storm and use it as an opportunity DCA...options, options...requiring careful consideration.
The really interesting thing will be if this latest round of bad news, if that's what it's going to be, starts to spook some of the instos.
Thanks, at least my overall portfolio is still in the green this year, but yeah buying ATM is my worst investment decision this year by far, I must say the vaccine rally helped a lot in migrating the pain from ATM.
Only question is whether to sell on market open or wait for a dead cat bounce a few hours after opening.
@glasszon Wanting to sell before even digesting the information may suggest you could look at your reasons for buying this stock :)
How many people here will still be thinking its a quality company to Hold and give it more time to come back . Or its better to get out at first opportunity thinking its old days will never come back
I know it happens to all companies but some quality ones like FPH MFT types come back to scale new highs after 1-3 years while others just keep going further down and down .
So what we think about ATM ....Long term hold or sell and buy FPH to recover loss in next 2-5 years ??